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April 19, 2024

InLife reports 35% growth in consolidated profits as economy reopens

Insular Life (InLife) reported a 35 percent increase in consolidated net income to P5.2 billion last year, driven by strong consumer spending following the reopening of the economy amid the pandemic, according to InLife President and CEO Raoul Antonio E. Littaua.

During the virtual annual members’ meeting, Littaua also stated that consolidated total revenues rose by 12 percent to P25.9 billion, and consolidated members’ equity improved by 18 percent to P50.6 billion.

InLife attributed the sales performance improvement to the dedication of its distribution channels in helping Filipinos achieve their financial goals.

Furthermore, InLife ranked second in net worth, third in net income, and fourth in assets, signifying its financial stability and commitment to policyholders.